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The Facts of the ID refer to a taxpayer who uses the cash basis in any event. Be careful how you read "cash accounting" (Read TR 97/7)... This ID is about the incurred limb of s8-1 not the accounting method as such. The Commissioner applies the common law decisions in relevant cases such as...

Statutory charges are deductible when incurred. Its a common law principle of tax law. Land tax is a statutory charge. You can amend UP TO 4 years based on the date of assessment. Be careful with assuming its two years. Thereafter, its a CGT cost base issue. The penalty is non-deductible...

Land Tax is a state tax that applies to ALL land. Some land is exempt (ie one family PPOR). Land Tax is generally based on the unimproved value of the land. Like all forms of taxation the owner should be aware of the imposition of tax. The decision to acquire would have been an ideal time to...